When an Individual Sets High Expectations for Themselves and Then

question 60

Multiple Choice

When an individual sets high expectations for themselves and then performs to these expectations it is called ______.

• A) the Pygmalion effect
• B) the Galatea effect
• C) a self-fulfilling prophecy
• D) grit

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Definitions:

Direct Labor Wage Rate

The rate of compensation paid to employees who directly work on the production of goods or services.

Raw Materials Cost

The expense incurred by a company for the raw materials that are used in the manufacturing process to produce finished goods.

Budgeted Selling Price

The price at which a company plans to sell its products or services, often used in budgeting and financial forecasting.

Direct Labor-Hours

A quantification of the total hours spent by employees working directly on the production of goods or services.